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Reddit raises $410M in new funding

nytimes.com

361–370 of 507 posts

Re: Reddit raises $410M in new funding

#361
post #316

Every time I hit the back button on Reddit i get an error that says “something went wrong with this page” Every time i watch a video there it flashes and reloads at least two times before playing.

Don't try to scrub forward in a video in their player. In my experience, the video never loads.

Re: Reddit raises $410M in new funding

#362

Why does Reddit need funding? Legitimate question. What are they going to spend this money on? A direct ad sales team? I would assume it takes a somewhat small engineering and DevOps team to keep it running. Is there a huge roadmap of features that requiring $100m in engineering?

For a top 10 site [0] you'd think they wouldn't have quite so much downtime. Perhaps this money can help them fix that?

[0] https://www.semrush.com/blog/most-visited-websites/

Re: Reddit raises $410M in new funding

#363
post #358
post #342

Earlier quoted context omitted.

So they can raise more VC. Seriously, what part of this don’t you understand?

Sort of reminds me of this girl I see on Facebook. She is an "entrepreneur". Her business? Helping other people start their own businesses! Yes, but what kind of business is she helping them start? Same as her own business - paid training sessions on how to start a business!

How to start a business starting businesses that start businesses, you say?

Re: Reddit raises $410M in new funding

#364

Earlier quoted context omitted.

That’s all you have to say? The fire in a theater example (and you call me banal)? You really can’t think of any other form of speech that has been unfairly censored by social media sites? Are you just not paying attention?

> you call me banal? Your reading comprehension seems a bit lacking, casting doubt on your other statements. To be clear I am asserting that your claim censorship by private companies is unjust; that is banal, annoying, and ignorant.

Forget about “just” or not.

Do or do you not think it’s a good thing for private individuals to be able to unilaterally censor what can be said in what really is the new public square?

Re: Reddit raises $410M in new funding

#365

Earlier quoted context omitted.

Yes, this. Google and Facebook make it super easy to advertise. Whenever I've tried to advertise on Reddit, nothing shows up, I have no idea why, and the advertising UI gives me no clues.

I’m feeling bad for some unknown director at Reddit when their boss reads this thread.

I'm sure the masses they traded our demographic for makes up for it in their jaded little bubble.

Re: Reddit raises $410M in new funding

#366
post #56

I'm honestly surprised to learn that Reddit is still VC dependant. Seems strange to me that a 16 year old company still isn't self sustaining.

Reddit seems to me like a very hard product to monetize. As a daily user I get a ton of milage out of Reddit Enhancement Suite (desktop) and Apollo (iOS), in combination with typical ad-blockers. Combine that with the low friction of sign up (disposable e-mails allowed, no confirmation needed, sitewide bans rare) and the tacit allowance of "objectionable" content (porn, gore, hate speech, harassment, etc.)... you don…

FYI you can actually still create a new reddit account without giving any email address (not even a disposable or fake one). Just leave the email text box blank and click "next".

Re: Reddit raises $410M in new funding

#367

Earlier quoted context omitted.

What do you mean by democratic? Are you thinking of some kind of election system to replace mods, and if so have you seen such a mechanism work anywhere else on forums?

Stack Exchange isn't quite a forum, but doesn't its system fit that description and work well?

Slashdot also had a great moderation system. Way ahead of its time.

-----

Edit: I was going to respond to [1], but I'm rate limited. Below is my comment:

> Anonymity really hurts profits.

That's what killed YikYak and continues to beleaguer anonymous message board monetization (well, maybe it's the content).

Reddit at least has an interest graph going for it. If they can figure out how to boost subreddit discovery and encourage users pick the things they'll spend money on, then they'll be golden.

[1] https://news.ycombinator.com/item?id=28157448

Re: Reddit raises $410M in new funding

#368
post #340

Earlier quoted context omitted.

Not fully automating, means humans for each reddit big enough. (What is big enough?) That is expensive. So this probably means lots of decisions in short time for those administrators ... means lots of wrong decision and lots of drama. Voting? Who has the right to vote? Anyone? Any socketpuppet account? Only verified real people? (would be a different reddit) The base problem is called politics.

I think eligibility should be based on a minimum karma-within-subreddit (comments and submissions) threshold. And yeah, this would cost Reddit some in admin labor, but they should be able to use some of this revenue stream towards those few hires. I'd imagine a team of 6 would be plenty for this purpose, maybe could get away with 2 or 3.

> I think eligibility should be based on a minimum karma-within-subreddit (comments and submissions) threshold

A million little HNs.

Re: Reddit raises $410M in new funding

#369
post #9

On a visitor perspective, this seems undervalued. This is a 50% or more discount to the market-cap/unique visitor ratio of Twitter, Snap, and Facebook.[1] And all the stats I've seen indicate much higher user engagement and time on site for Reddit compared to the other social platforms. The biggest issue is of course that their monetization is horrible. Like 95% lower per user than the other socials.[2] So the real q…

One thing that they do not seem to be taking advantage of is how specialized many of their communities are. It seems primed for letting advertisers target to specific audiences, but as a user I don't really feel like the ads I get are targeted to what I read at all? Maybe I am uninformed but it seems like an advertising goldmine that hasn't been taken advantage of. If you are a PC components retailer, users of /r/bui…

> One thing that they do not seem to be taking advantage of is how specialized many of their communities are.

Their default subs are utter crap and full of influence campaigns accounts; in addition to being nearly impossible to post to without punished in some way.

Re: Reddit raises $410M in new funding

#370

Reddit is on its way down. It's been overrun by power-tripping mods, and there's no way to appeal a perma-ban ! I've been banned from /r/india for just commenting on another sub (/r/chodi, which was recommended by the app itself!); banned from /r/worldnews for disagreeing with the herd. The moment a decent, democratic discussion forum comes along, I'll jump ship to it.

Chodi is like the Indian version of TheDonald so no wonder. Not that /r/India is neutral either. Stop going to politics subs and you’ll be fine?

"Stop using the website in the way it was intended; you must learn the bias of each subs or get banned. And by the way criticizing the bias of mods will also get you banned"
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